NEWS

Represented by Curtis, the Federal Railroad Administration (FRA), an arm of the United States Department of Transportation, on May 5th closed a $1 billion Railroad Rehabilitation and Improvement Financing loan with the New York Metropolitan Transportation Authority (MTA) to finance the deployment of Positive Train Control technology on the Metro-North Railroad and the Long Island Rail Road. The financing was structured to be convertible by the FRA into MTA municipal bonds. The representation was led by New York Partner Daniel Lenihan and Counsel Cindi Giglio.